PACL Latest News 2016 Do We Really Get Money Back Pearls Company

PACL Latest News 2016

Hi friends here i have PACL Latest News 2016 when i contact our pacl senior he tell me all about pacl that when will open pacl branches and start reworks. you know all people very anxiety about pearls group of company for investing own money . I think 60% costumer cross the policy end time . i have get information that High Court Order to open account in November 2015. when open company bank account then after that company further work process will increase all branches . you know many process for reopen offices so he will take some little time. i thinks when open company account then company start in New Year 2016. We all hope that company will be start very soon. this information update by the our PACL Biggest leaders. and also supreme court ordered this.if you have PACL Latest News 2016 any question about pacl investment plans, www.pacl india ltd your policy or schemes you can write www.paclltd.com ltd site click this link and write with name and mobile no.

Mumbai:- PACL Latest News 2016 its biggest ever fine, regulator Sebi on Tuesday imposed a penalty of Rs 7,269.5 crore on PACL Ltd and its four directors for illegal and fraudulent mobilisation of funds from the public, saying the company deserves “maximum penalty” for such large-scale duping of the common man.
The penalty follows another order by Sebi last year wherein PACL was asked to refund Rs 49,100 crore it had collected through illicit schemes over a 15-year period.The refund order was also upheld last month by the Securities Appellate Tribunal, where PACL had filed an appeal.
In its latest order on Tuesday, Sebi said that PACL made huge illegal mobilization of money, leading to consequent profit to the tune of over Rs 2,423 crore in a short span of less than one year.In a strong-worded order, Sebi said, “Keeping in view the entire facts and circumstances of the case… there can not be a better case than this which deserves the maximum penalty”.

As the Tribunal is in vacation and its Presiding Officer is on leave, the plea was taken by a single member, who listed the matter for hearing on Friday, January 1, and asked Sebi to reply by that day.

The Securities and Exchange Board of India (Sebi) on Thursday approached the Supreme Court seeking transfer of a fresh plea filed by PACL from the Rajasthan High Court to the apex court.Sebi has alleged that while PACL and its promoters had moved the Supreme Court against SAT’s August 12 order that directed it to refund close to over Rs 44,376 crore that it collected from around 58.5 million customers and winding up of its collective investment schemes (CIS), the real estate firm on October 12 again moved the Rajasthan HC seeking a direction to Sebi to register its CIS and for release of its sale deeds to enable it sell properties to raise money. PACL Latest News 2016

The apex court had earlier appointed a special committee to probe other companies of the Pearl Group and had also cleared the decks for sale of more than 10,000 properties of the group’s companies spread across states like Punjab, Haryana, Rajasthan and Delhi.

The Securities and Exchange Board of India has ordered PACL, formerly called Pearl Agrotech Corporation, and its promoters to refund over Rs 44,376 crore that it collected until March 2012 through collective investment schemes (CIS).
This is the biggest crackdown by Sebi on an entity in monetary terms. PACL has three months to comply with the order. The regulator has said that it would take steps to register a civil/criminal case in case of non-compliance.
“PACL Limited, its promoters and directors, shall wind up all the existing Collective Investment Schemes of PACL Limited and refund the monies collected by the said company under its schemes with returns which are due to its investors… within a period of three months,” said the Sebi order passed by its whole-time member Prashant Saran.
Armed with the new powers conferred upon it under the new Sebi Bill, the order further said, “Sebi shall also initiate attachment and recovery proceedings under the Sebi Act

PACL Latest News 2016 – What PACL investors should do to get their money back

in response to a query on behalf of Moneylife Foundation, SEBI has outlined what PACL investors need to do to get their money refunded following the regulator’s orders against the company. In a path breaking order, market regulator Securities & Exchange Board of India (SEBI) had ordered PACL formerly Pearls Agrotech Corp Ltd, a collective investment scheme to refund a colossal Rs49,100 crore collected from investors over several decades in a land purchase scheme. However, the order has left investors in a panic and unclear about how to get their money back. It is important for investors to know that those who file and record their claims quickly have a better chance of getting their money back.

In response to a Moneylife Foundation request, a deputy general manager (DGM) of SEBI has clarified as follows:

It may please be noted that Hon’ble SAT in its order dated 12 August 2015 had directed PACL to wind up its existing schemes and refund all investors within a period of three months. The said time period will end on 11 November 2015. Recovery procedure can be initiated only after expiry of above period and after attachment of assets.
As regards the freezing of bank accounts of the company, it is understood that the Central Bureau of Investigation (CBI) is conducting an independent inquiry. As per media reports CBI in February 2014 raided PACL premises and seized data and papers relating to money and property of PACL.

As far as the suggestion to create an online mechanism for registering PACL investor’s requests is concerned, it may be noted that investors can register their complaints on SCORES platform (http://www.scores.gov.in/Complaint.aspx?flag=n). Since PACL Ltd is an unregistered/ unlisted entity, it does not have a SCORES Login ID due to which the complaints received on SCORES cannot be sent directly to the company electronically. However, such complaints are printed by SEBI and sent to the company for redressal.

Further, regional and local offices of SEBI are currently receiving complaints against the company, which are then sent to the entity at its registered address for redressal. The investors can also send their grievances to the nearest SEBI office, the addresses of which are available on the SEBI website.

if you have PACL Latest News 2016 any question about pacl investment plans, www.pacl india ltd your policy or schemes you can write www.paclltd.com ltd site click this link and write with name and mobile no.

Hope Investors Money is Secure.

PACL Updated: News 29 May 2016

Recovery proceedings were launched “for their failure to refund an amount of Rs 49,100 crores with return due to investors, along with further interest and all costs, charges and expenses incurred in the recovery proceedings”.

Sebi had asked them to refund the money in an order dated August 22, 2014. The defaulters were directed to wind up the schemes, and refund money to the investors within a period of three months from the date of the order.

The interested bidders can inspect the property on June 9, and they would need to deposit 10 per cent of the reserve price as earnest money by June 27.

PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over a period of 18 years.

Pursuant to a Supreme Court order, Sebi had set up a high-level committee to ensure that refunds are.

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The much or it I should be return .if is it not so ‘many of ajent will die him self . For that I am saying to all leaders of pacl company that return money of all people .thank you if any information comes from pack then inform me .

Dear friends, Can you please tell me the way or the process to get back my invest money in PACL . Actually I have deposit 80000 rupees before 8 years. Can you please explain to get back the money. Contect no. 8564860807

when the suprime court or high court ordered have be completed so why are you not coming back public money. why ? u willn’t be know that a simple men how gethered money to living hungry and you are being enjoy to these money shame on you that

Dear friends, Can you please tell me the way or the process to get back my invest money in PACL (PGF) . Actually I have deposited 10000 rupees before 10 years in Trichy Branch. Can you please explain to get back the money.

MY MONTHLY INVESTMENT IS ALREADY ENDED ON 15 JUNE 2015 AND AFTER MATURITY PACL IS NOT READY TO ACCEPT MY APPLICATION AS THEY ARE SAYING THAT THE MATTER IS IN COURT AFTER COURT DECISION WE WILL ACCEPT YOUR APPLICATION.

Hi Every one. Any one Guidance branches of Pacl .along with same agents details contact no please.
Because I am also invested same money in Pacl. Or agent cell phone no has change if anyone have any agents no please provide me.
Regards.
GK Gupta
Contact 7301924808

Can u please tell me ? how my invested money will get back from PACL. I met and discussed with Coimbatore R.S.Puram branch office staff, but they are telling also the case under court. And we cannot do anything once the case will favor to us then you people invested money will be refunded like they are telling. Also my relatives few persons were invested lot of money in this PACL.

Hence, request you to tell me when supreme court order will come and our invested money will be refunded please ?.

Hiii every one. this really hard to know that every investors of PACL, facing the same problem..to get their money back……
I have also invested in same company of RS 125000. aprox..from 2010..Now maturity period has completed. but their offices are closed.. from their website thousand complains of consumer given their. but still their was no reply from the comp.. Now we are afraid that when i will get my money back.
Regards,

Hi, I also invested almost 2,00,000 in PACL in 2007. It get matured in 2013. I tried alot through my agent to get my money back but he is ignoring. Can anybody tell me the procedure how to get money back. I really need it badly. Please help.

sry to say the nearest pacl office gave a tollfree number to contact for further details but the when i called to that number it says doesnt exist and some times it says not reachable so please help me to reach them …

Dear sir i am an agent of pacl i am a hard worker i total invest money around 3000000 thirty lacks .sir i am a shopkeeper cum farmer .all investor are pressure at me .if company is fraud .than me and my all family will suside pls sir save my family sir pleasetell me how many time to returns.

Hiii every one. this really hard to know that every investors of PACL, facing the same problem..to get their money back……
I have also invested in same company of RS 200000. aprox..from 2009..Now maturity period has completed. but their(roorkee) offices are closed.. from their website thousand complains of consumer given their. but still their was no reply from the comp.. Now we are afraid that when i will get my money back.
Regards,

Thanks lot your kind information about this case, I have invested my fund in same company, I also wants to know about result how I can get money, plz share latest news about this case.. do you have any suguestion about in this problem where we go for refund of our money, any agency, Authorities or any offices, PACL case is going in hight court between SBI or CBI etc. but till time what we do in this case, many investors or all investors wants their money retund….. Still Wating, wating……..

Dear friends, Can you please tell me the way or the process to get back my invest money in PACL india limited . I have deposited 10000 rupees before 8 years. mature on dec 2014 Can you please explain to get back the money any. Phone has not working pls tel me

My FD Policy No U098092973 matured on 04.05.2013. Maturity Value 45,614/-. I was received Dena Bank Deccan, Pune cheque No 241052 dt 20.11.14 for Rs 44,364/- after deducting administrative charges from PACL Office Deccan, Pune. But the said cheque was bounced due to Dena Bank Account blocked by SEBI. Also Rs 200/- extra debited by SBI from my account due to cheque bounced. Since PACL not getting money back why the SEBI not giving responsibility to get public money back to them. I requested to given my money back to me as I am very financial hardship. Thanking you.

We are suffering alot I don’t know whose responsibllity of the fake PACL company. I ask you to SEBI officers please take action on pacl company.Kindly refund common people money,it’s already late.
So please do something on that I say to common people.Please don’t trust like money policies.

I don’t know whose responsibllity of the fake PACL company. I ask you to SEBI officers please take immediately action on pacl company.Kindly refund common people money,it’s already late.
I request for SEBI officers.

Sir, I am feeling very sad while writing this, I worked very very hard to earn merely 6000 rs per month in a private co, I invested my savings in PACL to the tune of Rs 25,000/- . I submitted my documents and bank details in the month of Feb’16, and was told that I will get my money back in the month of August ’16. But I have not received my invested amount back even up till now. Sir, please tell me, when will I get back my money.

Why SEBI not take action to refund public money to them otherwise give order to PACL to refund public money which has already been collected by PACL and Policies have been matured and further warned to PACL not to collect money from Public in future. I again request to Supreme Court and SEBI give order to PACL to run their bank accounts immediately and give money back to Public within 3 months. All these information may please be broadcasted on news channels of all languages for public awareness. Thank you.

Sir,
I was two policies in PACL lndia Ltd. I was completely paid the installment amount and the two policies have already matured on May 2015 & Jul 2015 respectively. Whereas i have not get any money from PACL India Ltd being due date already completed. Please do the needful to get my two policies clear by end of Dec 2016 itself. Otherwise i will approach Court of Law. My Mobile No 9843459215.

Hi sir
Please please please let me know the process to get all the money back, because my maternal uncle and aunty passed away leaving a minor girl behind who is paralysed I hope you can understand the rest.
I have the receipts also.

R/Sir,
I have invest money in PACL LTD by our local agents request.now policy maturity date is over and for that no any intimation about the policy maturity or refund back the money which is invested. personally we meet to the agent but he tell us still matter is under process by high court /supreme court. is it right. ?????